The metal finishing chemicals market is projected to witness a compound annual growth rate of 3.92% during the forecast period to reach a total market size of US$10.510 billion by 2023, increasing from US$8.347 billion in 2017. Metal finishing chemicals are those which are not only used to enhance the physical appearance of metal surfaces, but also increase the durability by cleaning and plating. Electrolytic plating, chemical conversion, electroless plating and electrochemical conversion are the majorly used processes in metal finishing chemical industries. The market for metal finishing chemicals is mainly driven by increasing applications, introduction of new technologies and growing demand from automotive, aerospace and electrical industries. As the metal finishing chemicals are volatile and organic in nature and some may contain Cadmium and Cyanide, due to which stringent environment regulations are being formulated restraining the market growth. Geographically, Europe and Asia Pacific are expected to dominate this market over the projected period, attributable to high growth being observed across key industries.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are The Dow Chemical Company, BASF SE, TIB Chemicals AG, Honeywell International, Inc., Artek Surfin Chemicals, Ltd., and Heatbath Corporation among others.
The metal finishing chemicals market has been analyzed through following segments:
- ·Inorganic chemicals
- ·Organic chemicals
- ·Hybrid chemicals
- ·Conversion Coating
- ·Rust Preventive
- ·Aerospace and Defense
- ·Electrical and Electronics
- United Kingdom
- South Africa
- South Korea